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In this video, the presenter explains what a bill of lading is, the different types, and provides examples. The focus is on how a bill of lading functions in international trade, illustrated by a diagram showing the seller and buyer who have a sales contract for goods. After contract signing, the seller ships the goods via a shipping agent, who issues two types of documents: the original negotiable bill of lading and the non-negotiable bill of lading. The non-negotiable bill of lading is unsigned, while the original is signed. Examples of both types are shown during the tutorial. For further details on payment methods in international trade, a previous video is referenced.